All three major US indexes slightly declined on the last day in August (31/08). However, on a monthly basis, the stock market still experienced solid gains; led by the Nasdaq, which rose 4% in August. The consumer confidence index reportedly fell to its lowest level in 6 months, triggered by concerns over the larger-than-expected impact of the delta variant.
Despite being under pressure throughout the day, JCI was able to close with a slight gain of 0.09% yesterday. Entering September, investors will again be paying attention to the release of routine economic data such as the inflation rate and the Manufacturing PMI. The JCI movement for today is estimated to be in the range of 6,100 – 6,200.
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